In volume terms, however, Japanese shipments fell 3.2 per cent year-on-year in April, down for the third straight month
The yen has depreciated by roughly 10% against the dollar so far this year despite the BOJ's decision in March to end eight years of negative rates
Core US inflation slowed to an annualised 3.6 per cent in April, Wednesday's data showed
The yuan slid to a two-week low versus the dollar after US President Joe Biden unveiled steep tariff increases on an array of Chinese imports
The yen fell due to the prevailing blunt interest rate policy. But there is an alternative policy
At the RBA's last meeting in mid-March, policymakers watered down their tightening bias, although Bullock declined to say whether policy has shifted to neutral
Japan's Nikkei gained 1.3% and S&P 500 futures were steady after the cash index logged a 1 per cent rise overnight
The offshore yuan was last at 7.1959 per dollar, and gained more than 1 per cent last week
Trading was thinned in Asia with Japan out for a holiday, though markets in mainland China got off to an upbeat start after returning from an extended break
"I'm not going to comment on whether they did or didn't intervene," Yellen told reporters Saturday following a speech in Mesa, Arizona. "I think that that's a rumor."
With markets in Japan and mainland China closed on Friday, regional trading activity is likely to be subdued as traders look ahead to the U.S. nonfarm payrolls data later in the day
The yen rose to a session-high of 152.895 per dollar in early Asia trade and was set to clock a weekly gain of more than 3 per cent , its largest since December 2022
The yen has slid to 34-year lows this year as the Bank of Japan keeps interest rates low, causing investors to buy higher-yielding currencies
The difficulty in arresting the yen's slide has been made clear by the speed at which the currency has reversed direction after its spike
Much of Asia is returning from a holiday that had closed markets on Wednesday, though Chinese bond, currency and stock markets remain shut through the rest of the week
Japanese currency was trading a touch lower 0.16% at 156.56 per dollar, but was well off its 34-year low of 160.245 hit on Monday
The yen's move barely affected the euro and sterling, both of which stayed near the bottom of the ranges hit during Friday's volatile session
Oil prices ticked down on expectations that higher-for-longer US interest rates would dampen demand, while news of a potential Gaza ceasefire eased fears of supply constraints
The yen also nudged down to its weakest almost 16 years at 167.38 per euro and its weakest in nearly a decade on the Australian dollar
The weak yen may push up import prices but that alone won't trigger a rate hike either, Ueda said